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ARHT Media Inc V.ART.H

Alternate Symbol(s):  ARHTF

ARHT Media Inc. is a Canada-based company, which specializes in live hologram technology. The Company is engaged in the development, production and distribution of high-quality, low latency hologram and digital content. Its products provide live and prerecorded hologram experiences that are designed to enhance engagement for sales & marketing, as well as learning & development. Its products include ARHT Capsule, ARHT Show Window Max, ARHT Screens, ARHT Virtual Global Stage, ARHT Capture Studio and ARHT Services. ARHT Capsule is a portable full-body liquid crystal display (LCD) hologram with two-dimensional and three-dimensional depth-sensing cameras. ARHT Show Window Max is a modular holographic display with 4K transparent LCD screens. ARHT Screens are available in three sizes: H5 Display, H10 Display and H30 Display. It helps brands, retailers, marketers, executives, educators, entertainers, medical practitioners, and speakers to be present as a high-quality life like hologram.


TSXV:ART.H - Post by User

Bullboard Posts
Post by grodton Apr 13, 2010 2:18pm
438 Views
Post# 16986769

Iraq, Kurds closer on oil cash debate

Iraq, Kurds closer on oil cash debate


Kurdish and federal Iraqi officials have agreed on potential mechanisms for paying oil firms operating in the Kurdish north but the proposals must be approved by the Iraqi cabinet, a Kurdish official said.

A delegation led by Iraq's deputy oil minister, Abdul Karim Louaibi, travelled to the Kurdish regional capital Arbil on Sunday and held talks with natural resources minister Ashti Hawrami over how to restart crude exports from the region.

"The Finance Ministry will have the final say on repaying contractors working in the region and after receiving its okay we will resume exports within two to three days," Hawrami told Reuters.

He did not give any details about the proposed mechanisms worked out by the Iraqi and Kurdish officials.

Iraqi officials said the cabinet had to approve the proposals and it would be up to the Finance Ministry to implement them.

Paying international operators such as Norway's DNO and Turkey's Genel Enerji is a main hurdle to relaunching exports from Kurdish oilfields.

The incumbent Shi'ite Muslim-led government in Baghdad deems independent contracts signed with around two dozen companies by the Kurdish Regional Government (KRG) to be illegal.

Exports from two fields, Taq Taq and Tawke, briefly occurred last summer only to be suspended after Baghdad refused to pay the firms and the KRG declined to cover their costs from its 17 percent share of national oil revenues.

Iraq's minority Kurds, who have enjoyed virtual autonomy in their northern enclave since the first Gulf War, are embroiled in various disputes over oil, land and power with Iraq's majority Arabs.

Kurdish oil clout suffered a blow when Iraq concluded multibillion-dollar deals with oil majors to quadruple national output of 2.5 million barrels per day by developing oilfields south of Iraqi Kurdistan.

That made the region's potential exports less crucial for a government that depends almost entirely on oil for revenue.

Signs of a breakthrough have increased amid negotiations to form the next Iraqi government after a 7 March general election produced no clear winner.

The Kurdish bloc is likely to be a partner of whoever ends up picking the next prime minister.

Oil minister Hussain Shahristani said in February the Iraqi government could end up paying exploration and extraction costs of oil firms working in Iraqi Kurdistan but not their profits.

"We will submit results of the meetings to the council of ministers to issue a final decision," the KRG website quoted Louaibi as saying after the talks in Arbil.

Deputy finance minister Fadhil Nabi said any suggestions to repay operators must be approved by the cabinet.

"I don't think the issue depends on the Finance Ministry. Cabinet should approve them first and then refer them to the Finance Ministry for implementation", Nabi told Reuters.

Louaibi could not be reached for additional comment and an Oil Ministry spokesman did not provide further details.

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